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3167 HIBISCUS DRIVE
About This Property
Rare opportunity to own a waterfront corner lot on a quiet cul-de-sac** in desirable Hernando Beach! Located at 3167 Hibiscus Drive, this unique homesite offers an exceptional setting along a Hernando Beach canal, with an existing seawall already in place and expansive water frontage that creates the perfect backdrop for your custom Florida home.
The property's distinctive corner position and cul-de-sac location provide an impressive waterfront setting with beautiful canal views and plenty of possibilities when designing your future home. Whether you envision a full-time residence, seasonal retreat, or your own coastal getaway, this lot offers the opportunity to embrace the laid-back Florida waterfront lifestyle Hernando Beach is known for.
Spend your days boating, fishing, kayaking, paddleboarding, scalloping and exploring Florida's Nature Coast, then come home to your own piece of waterfront paradise. Hernando Beach is surrounded by some of the area's most popular outdoor destinations, including Weeki Wachee Springs State Park, the Weeki Wachee River, Pine Island Park, Bayport Park and the Weekiwachee Preserve, along with local marinas, waterfront dining and fishing opportunities.
With a seawall already in place, canal frontage, corner-lot setting and cul-de-sac location, this property offers an incredible opportunity to design and build your own waterfront retreat in one of Hernando Beach's unique coastal communities. Bring your builder and your vision and start creating the Florida waterfront lifestyle you've been looking for!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017